Is Defiance Israel Fixed Income ETF halal to invest in?

As of September 2026, Defiance Israel Fixed Income ETF CHAI is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Defiance Israel Fixed Income ETF a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Defiance Israel Fixed Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Defiance Israel Fixed Income ETF updated?

The Shariah compliance status of Defiance Israel Fixed Income ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Defiance Israel Fixed Income ETF become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of Defiance Israel Fixed Income ETF?

You can check the latest Shariah compliance status of Defiance Israel Fixed Income ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Defiance Israel Fixed Income ETF CHAI

CHAI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Defiance Israel Fixed Income ETF is classified as not halal.

NOT HALAL

Is Defiance Israel Fixed Income ETF Halal?

Shariah Compliance Analysis of CHAI ETF

US Fixed Income Broad Credit

No. As of September 2026, Defiance Israel Fixed Income ETF (CHAI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Defiance Israel Fixed Income ETF does not pass Musaffa's business and financial screening criteria.

CHAI was created on 2023-12-13 by Defiance. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 2.48m in AUM and 37 holdings. CHAI is the first Isarael Bond ETF that tracks a market value-weighted index of USD- and ILS-denominated bonds issued by the Israeli government and related entities, and corporations. The fund holds debts of any maturity and credit quality.

Defiance Israel Fixed Income ETF (CHAI) Chart

Key Statistics of Defiance Israel Fixed Income ETF (CHAI)

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FAQ's for Defiance Israel Fixed Income ETF (CHAI)

As of September 2026, Defiance Israel Fixed Income ETF CHAI is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Defiance Israel Fixed Income ETF using these criteria to determine its compliance status.
The Shariah compliance status of Defiance Israel Fixed Income ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of Defiance Israel Fixed Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.